Rhino Investment Partners Inc Buys 200,244 Shares of KKR Real Estate Finance Trust $KREF

Key Points

• Rhino Investment Partners Inc increased its holdings in KKR Real Estate Finance Trust by 207.7% in Q1, owning approximately 0.44% of the company worth $3.2 million.
• KKR Real Estate Finance Trust reported a disappointing EPS of ($0.53) for the last quarter, missing estimates significantly and showing a negative net margin of 4.43%.
• The company recently announced a quarterly dividend of $0.25 per share, representing an annual yield of 10.7%, despite a high dividend payout ratio of -151.52%.

Rhino Investment Partners Inc boosted its stake in KKR Real Estate Finance Trust (NYSE:KREF - Free Report) by 207.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,668 shares of the company's stock after purchasing an additional 200,244 shares during the quarter. Rhino Investment Partners Inc owned about 0.44% of KKR Real Estate Finance Trust worth $3,204,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KREF. Wedbush Securities Inc. raised its holdings in shares of KKR Real Estate Finance Trust by 1.5% during the 1st quarter. Wedbush Securities Inc. now owns 80,386 shares of the company's stock worth $868,000 after buying an additional 1,199 shares in the last quarter. Teacher Retirement System of Texas grew its position in KKR Real Estate Finance Trust by 15.4% in the first quarter. Teacher Retirement System of Texas now owns 14,980 shares of the company's stock valued at $162,000 after acquiring an additional 2,002 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in KKR Real Estate Finance Trust by 5.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 41,975 shares of the company's stock valued at $424,000 after acquiring an additional 2,051 shares during the last quarter. Farther Finance Advisors LLC raised its stake in KKR Real Estate Finance Trust by 9,954.2% during the first quarter. Farther Finance Advisors LLC now owns 2,413 shares of the company's stock worth $26,000 after acquiring an additional 2,389 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of KKR Real Estate Finance Trust by 2.2% in the fourth quarter. Legal & General Group Plc now owns 167,955 shares of the company's stock worth $1,696,000 after acquiring an additional 3,539 shares during the last quarter. Institutional investors own 70.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $12.00 price target on shares of KKR Real Estate Finance Trust in a report on Tuesday, May 20th. Wall Street Zen lowered shares of KKR Real Estate Finance Trust from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.95.

KKR Real Estate Finance Trust Trading Up 4.5%

Shares of NYSE:KREF traded up $0.4140 during midday trading on Friday, hitting $9.5140. 1,251,861 shares of the stock were exchanged, compared to its average volume of 529,796. The business's 50-day moving average price is $9.13 and its 200 day moving average price is $9.68. KKR Real Estate Finance Trust has a 12 month low of $8.28 and a 12 month high of $12.95. The company has a debt-to-equity ratio of 3.81, a quick ratio of 440.20 and a current ratio of 440.20. The stock has a market capitalization of $624.88 million, a price-to-earnings ratio of -14.42 and a beta of 0.92.

KKR Real Estate Finance Trust (NYSE:KREF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.37). KKR Real Estate Finance Trust had a negative net margin of 4.43% and a positive return on equity of 1.61%. The business had revenue of $35.75 million during the quarter, compared to the consensus estimate of $32.55 million. Analysts predict that KKR Real Estate Finance Trust will post 1.05 earnings per share for the current year.

KKR Real Estate Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.5%. KKR Real Estate Finance Trust's payout ratio is currently -151.52%.

KKR Real Estate Finance Trust Profile

KKR Real Estate Finance Trust Inc, a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.